WTI has completed a bearish pennant - Retesting higher levels

For the fourth week in a row, last week oil fell.

Technically, WTI has completed a bearish pennant. That pattern is normally followed by an upward correction which, in this case, means it could retest the $30 level.

I recommend you to go bull to 29-30$ levels during this week.

הערה:

Got the ascending channel, hope it helped you guys!